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عربي

Kuwait Airways Corporation

  
Also known as: KAC
 
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Updated: Jan 20, 2011
 
 
 
Country

Kuwait

Ownership Type
Government
Company Type
Non-Corporate Entity
 
 
 
 
Principal Activities
Provides scheduled air transportation services for passengers and cargo; involved in flight catering, cleaning, cargo handling, providing software solutions for airlines; invests in the aviation sector.
 
Date of Establishment Year
1954
 
No of Employees
3,735 (As of Jan 18, 2011)
 
 
Contact Details
Address:
Kuwait International Airport Building
P.O. Box 394
Kuwait City  Safat 13004
Al Assimah
Kuwait
 
Tel:
+965 2431-1918
 
Fax:
+965 2473-6026
 
Email:
kwicrku@kuwaitairways.com
 
Website:
www.kuwaitairways.com

 
 
 Privatization Details
Subscription
Period:
H2 2010
Equity Offering:
40%
Lead
Managers:
Kuwait Investment Authority
 
 
 15,221 20,782 69 28 48 4,548,998 3 1,652,703 20,838 27,493 71 36 51 5,866,991 3 274,027 870,025,904 1,205,033,239 72 40 49 6,803,545 4 99,734
Zawya Industry Benchmarks  Yr 2008  Yr 2009  Change (%) MENA Industry Avg  
Passenger Traffic 2,544,390  2,593,882  1.95  6,803,545
Fleet Size 17  18  5.88  40
No. of Destinations 38  37  (2.63)  49
Passenger Load Factor (PLF %) 70  72  2.14  72
Revenue Passenger km (RPK million) 7,397  7,687  3.92  870,025,904
Available Seat km (ASK million) 10,629  10,751  1.15  1,205,033,239
Cargo Carried (Tons) -  83,801  N/A  99,734
Skytrax Ranking (Stars) 3  3  0.00  4
 
 
 Major Shareholders   
Name   Type  Country  Holding 
Government of Kuwait  Government Kuwait 100.00% 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Kuwait Aviation Services Company Kuwait 99.99%
Automated Systems Company Kuwait 68.50%
Investments
Name  Country  Holding 
Egyptian Aviation Services Egypt 11.66%
ALAFCO Aviation Lease and Finance Company Kuwait 11.47%
Mashaer Holding Company Kuwait 5.79%
Related Organizations
Name  Country  Holding 
Arab Air Carriers Organization Lebanon -
 
 
 Financial Results  31-Dec-09  31-Dec-10   Yr on Yr 
  KWD'000 KWD'000 change (%)
Net profit (29) N/A N/A
Paid-up capital 350,000 350,000 0.00
 
 
 
 
 
 

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Company information provided by © 2012 Zawya.

Zawya's analysts update company information from primary sources (company annual reports, press releases, company websites, corporate briefings, official statements/interviews) and reliable secondary sources (stock markets, reliable third party publications).

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